OREANDA-NEWS. February 13, 2012. Sviaz-Bank has raised interest rates on the Upravlyaemy rezerv (Managed Reserve) and VIPrezerv (VIP Reserve) deposits, reported the press-centre of Sviaz-Bank.

The maximum interest rate payable on the Managed Reserve deposit with an account balance of at least 700,000 rubles will now be 7.9% per annum in rubles, or 8.19% including capitalization. The interest rate on this deposit has, therefore, increased by 0.9%.

The VIP Reserve deposit account opened for a term of 367 days will now be paying the Bank’s affluent customers interest at a rate of 8.0% to 8.2% per annum, or 8.52% including capitalization. The interest rate payable on this deposit variety has grown by an average 0.5percentage points.

Over the year 2011, balances in the personal accounts of Sviaz-Bank’s customers rose by 31.6% to 16.7 billion rubles.

“The marked growth in funds accepted from individuals is evidence of the appeal of Sviaz-Bank’s deposit products owing to their flexible terms and competitive interest rates, and also of the confidence the Bank really deserves,” said Maria Zenina, Director of Sviaz-Bank’s Retail Banking Products Department.